What’s OFO of DSP Flexicap fund by DSP Investment Managers?
DSP Investment Managers on Monday introduced an previous fund supply (OFO) of its flexicap fund (erstwhile DSP Equity Fund), which was launch in 1997. Through the product, the corporate is trying to remind buyers of a portfolio that has been by way of varied market cycles over 24 years.
The advertising technique has come at a time when fund homes have been launching new fund gives (NFOs) to fill the gaps of their portfolio of merchandise or launch a thematic fund when a specific sector or theme is doing effectively.
On the initiative, Kalpen Parekh, MD and CEO, DSP Investment Managers, stated: “Many occasions, we ignore the previous, regardless that it’s good. Through our OFO, we’re re-introducing buyers to a confirmed flexi cap fund with a observe document of just about two and a half many years. A fund that focuses on easy guidelines of fine investing – make investments with good managements in good sectors and persist with them until they execute.”
The DSP Flexi Cap Fund takes a structured strategy to investing by specializing in enterprise longevity, prudent administration and progress sustainability (BMG framework). The fund seems to be to spend money on firms having a excessive return on fairness and revenue progress throughout large-cap, mid-cap, and small-cap shares. The thought is right here to adapt to totally different market eventualities.
According to DSP Investment Managers, the fund’s portfolio is effectively diversified with 55-65 shares, of which 60-70% are large-caps and 30-40% are mid-and small-caps as of 30 June 2021.
The fund has grown at an annualised progress fee of 19.3% since inception, and ₹1 lakh invested at inception would have grown to over ₹75 lakh by now.
Incepted on 29 April 1997, the fund has an asset underneath administration (AUM) of ₹5,687 crore. Atul Bhole and Abhishek Ghosh are fund managers to the scheme.
The high 5 sectors when it comes to weightage within the scheme are banks (20%), shopper durables (9%), insurance coverage (8%), finance (7%) and software program (7%).
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